Downtown Sioux Falls Restaurant for Sale

Minnehaha County, SD

Downtown Sioux Falls Restaurant for Sale
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Asking Price: Get Financing: $189,000

Cash Flow: $84,500

Gross Revenue: $425,000

EBITDA: N/A

FF&E: $53,000

Inventory: $2,000

Established: 2015

Downtown Sioux Falls Restaurant for Sale

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Business Description

Excellent opportunity to acquire a newly renovated restaurant in a great downtown location. Business currently has five employees, including a full-time manager. Last year, business did approximately $400k in gross sales, so good foundation from which to grow. New owner can choose to keep the current menu and beverage offerings, or change to better suit their vision.

Detailed Information

Inventory:
Included in asking price
Employees:
2 FT/3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business leases space in the heart of downtown Sioux Falls. Great location, newly renovated, quality lease in place.
Competition:
Plenty of indirect competition, but no direct competition downtown for the current food offerings of this restaurant.
Growth & Expansion:
Profitable restaurant, with management and employees in place; new owner can change menu offerings to suit their vision. In addition, catering tends to be in demand downtown, as well as wine pairing with a meal, depending on the menu. A flourishing downtown Sioux Falls adds to the growth potential for this business.
Support & Training:
Will train for 1 week @ $0 cost. Outside of the typical licenses needed for a restaurant, no special licenses or skills required.
Reason for Selling:
Owner looking to focus on other business interests.
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Contact the Seller

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Rey Gonzales

Business Listed By:
Rey Gonzales

Murphy Business & Financial Corporation

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Sponsoring Broker:
Calvin Breske

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